A federal judge has thrown out a suit accusing a Johnson City, Tenn., dealership of fraud and false advertising for a TV spot that offered to help customers who have “bad credit, slow credit or no credit” and stated, “Our goal is 100% financing.”
Gannett, one of the newspaper owners of Cars.com, is exploring a bid for all of the auto sales website. It has discussed teaming up with private equity firms in a deal that could reach $3 billion, people familiar with the matter told Reuters.
Citroen's UK chief, Linda Jackson, will replace Frederic Banzet as the brand's CEO while strategy director Yves Bonnefont, who is Citroen's deputy head, will lead the upscale DS line as it becomes a stand-alone unit.
Nissan wants its next-generation Leaf electric vehicle to get more mainstream styling and a new battery that greatly increases its range. And Infiniti's delayed electric car will debut with the improved battery by early 2017.
Fiat Chrysler plans to transform Alfa Romeo, Maserati and Jeep into global brands and more than double profit in the next five years. CEO Sergio Marchionne's goals also include boosting yearly deliveries for the group to 7 million in 2018.
The University of Michigan’s Mobility Transformation Center, along with key partners from a variety of industries, will begin construction of a $6.4 million “simulated urban environment” for testing of connected and automated vehicles, the university said Tuesday.
Fiat Chrysler will have trouble achieving ambitious targets set by CEO Sergio Marchionne's new strategic plan, say analysts, who believe the automaker will need to raise more money for the plan to succeed.
For more than 10 years, scores of GM engineers, inspectors and other employees engaged in a deadly cover-up over an easily fixable ignition-switch defect. An estimated 13 to 300 people lost their lives when their car suddenly shut off, disabling their power brakes and airbags.
Ally Financial Inc. is doing more leasing, more used-vehicle loans and more loans to dealerships with brands other than those of General Motors and Chrysler, all in line with a strategy it previously laid out.
Benny Boyd Auto Group in Texas is using scanners to detect fake IDs after the company lost four cars obtained through identity theft a couple of years ago. The scanners also tie in with the dealership's customer relationship management system, enabling F&I managers to mine the customer data.
Fiat Chrysler executives did something highly unusual Tuesday: They revealed key pillars of the company's product plans, financial goals and sales targets for the next five years. Most automakers keep their playbooks secret for as long as possible.
Missing pay stubs are pitfalls for finance and insurance managers. Finance managers don’t want to ask a potential customer to go home and get a couple of pay stubs to verify his or her income. That customer may not come back. Even worse is the customer with a fake pay stub.